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<br /> ,.�,;;,�;�;r.._,Iv'V� THIS DEED OF TRUBT is made��as nf the � day of 1'1 , 1992 by
<br /> .� :•. ' and emong CLARIS D. WILKIN30N ( TRUSTOR ), w oee mail n a rees is: �219
<br />,� . � . West Seventh Street, Grend Ie�end, Nebraeka 68801;
<br /> "�' " and DUANE A. BURNS, ("TRUSTEE"), whose mai].ing address is: P. O. Box 2300, `_ _
<br /> G" � ` Grand ieland, Nebraeka 68802;
<br />�Y4 •'��� ' and CRATG D. 3YUOW, ("BENEFICIARY") whose mailing addrasa is: 1423 South -
<br /> f, - '.-. '.� _ prgonne Circle, Aurora, Colorado Rh017. ---_-
<br /> �.y .;....�,,,�._.., �:
<br /> �,c .: FOR VALUABLE CONSIDERATION, Trustor irrevxebly transfers conveys, and
<br /> �� • � � assigns to Trustee IN TRUST, WITN POWER OF 3ALE, for the benef�t and security
<br /> �' •- � ���-'•• '°- � of Beneficiary uac�er and sub ect to the terms and conditions of this Deed of
<br /> � Trust, the rea� property loca�ed in the City of Grand Island, County of Hall, � -
<br /> �,.;f,.'.:� State of Nebraska, and legally deacribed as Pollows: (the "Property"): _ _
<br /> �-�"�f14,� Lot Four (4) Block Fifteen (15) 3ou�h Grand Island _
<br /> � Additiun to �he City of Grand Iefar�d, Hall County, �
<br /> . � ' Nebraska. __
<br /> �� � • �, TOGETHER WITH all rents, easemente appurtenances, hereditamente -----�-
<br /> • intereste in adjoining roada, streeta an�d alleys, im�rovements and buifdings _._
<br /> of any kind situated thereon and all personal proper y that may be or �_
<br /> hereaPter become an integral part of euch buildings and impravements. ��_,•�-
<br /> � • The property and the entire estate and interest conveyed to the TrueteQ —
<br /> •s ._ are referred ta collectively as the "Trust Eetate .
<br /> — - . .�,._,,��._ _
<br /> ��,��'.
<br /> FOR THE PURPOSE OF SECURING:
<br /> �;::,';ac 000.00� �r�re.�::_�--
<br /> � �" - a. Payment of indebtedness in the total principal amount of �24, ���_
<br /> ' � with interest thereon at the rate of twelve and one-fourth (12�) percent �er
<br /> , � ,;;.:; annum as evidenced by the certain Promiesory Note of even date (the "Note')
<br /> �• � ' with a maturity date of Mu✓ /. zan2. , executed by Trustor, which has
<br /> � been delivered and is payable a e or er of Beneficiary, and which by this -
<br /> "' reference is hereby made a part hereof, and any and aLl modifications,
<br /> extensione and renewals thereof, and,
<br /> � b. Payment of all sume advanced by Beneficiary to rotect the Trust �;�,�����.�.�..
<br /> Estate, with interest thereon at the rate of fourteen (14� percent per annum. - - -_
<br /> ' �" " " Thie Deed of Trust, the Note, and any other instrument given to evidence �
<br /> �_:,, •., o r f u r t h e r s e c u r e t h e p a y m e n t a n d p e r formance of an obligation secured hereby
<br /> � are referred to collec tively se the "Loen Instrumen�s". �T"`-:�,,,�.
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<br /> , TO PROTECT THE SECURITY OF THIS DEED OF TRUST: �
<br /> , ,.
<br /> ~ ' F INDEBTEDNESS. Trustor shall pay when due the principal �w .. . `..''•
<br /> 1. PAYMENT 0 �'�''=
<br /> of, and the n eres on, e n e tedness evidenced k�y the Note, charges, fees `,, +r,•;� M"
<br /> and all other sums es provided in the Loan Instruments. �
<br /> - 2. TAXES. Trustor shall pay each installment of all taxes and special �'�
<br /> " ' assessments o�ver kind, now or hereafter levied against the Trust Estate or � ;.w.;
<br /> any part hereof be�ore delinyuency without notice or demand, and shall
<br /> �, ',�;,,��� provide Benefic�ary with evidence o� the payment of same. Trustor shall pay
<br /> all taxes ana assessments which may be levied upon Beneficfary s interest I
<br /> herein or upon this Deed of Trust or the debt secured hereby, wfthout regard ,. F_
<br /> to any law thet may be enacted imposing payment of the whole or any part �,
<br /> � � thereof upon tho Benef iciary. �
<br /> ' � � � 3. INSURANCE AND REPAIRS. Trustor ehall maintain fire and extended �
<br /> coverage insurance insuring e improvemente end buildings constituting part
<br /> � of the Trust Estate for an amount no less than the amount of the unpaid •
<br /> ` principal balance of the Note (co-ineurance not exceeding 80$ permitted).
<br /> '� Such insurance policy shall contain a standard mortgage clause in favor of
<br /> . Beneficiary and sha11 not be cancellable, terminable, or modifiable without
<br /> ten (10) days prior written notice to Beneficiary. Trustor shall promptly
<br /> � �' repair, maintain and replace the Trust Estate or Any part thereof so that,
<br /> � except for ordinary wear and tear, the Trust Estate shall not deteriorate. In
<br /> no event shall the Trustor cor�¢nit waste on or to the Trust E�state.
<br /> In addition to casualty insurance, Trustor shall provide and pay the
<br /> _ , nrnmi�tma nn �omorehensive liabilitY insurance covering the premises and
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<br /> � rotectinq the �eaeficiary and Trustor trom ati ciaims, demana�, ia�aui�a, a��..
<br /> �udgments erising out of 3njury to persons or damage to property occurring on
<br /> he property. The coveraqe shall be in an amount of not less than �300,000
<br /> I single limit for bodily injury end property damage. Ttie liability nsurance
<br /> � and casualty insurance may be prccured in a single policy or may be obtained
<br /> � in separate policies. In any event, such policy or policies shall name
<br /> I Beneficiery and Trustor ns insureds as the3r interests may eppear, and
<br /> Beneficiary shall be provided with a Certificato of Insurance or duplicate
<br /> i �upy showing :hc :^�l2r�nrA tn hP i., f��ll force ar�d effect. at �11 times durinq
<br /> the term of this Deed of 'Prust.
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